EUR/USD
Current level-1.4212
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3064 and 1.3524.
Current slide from 1.4247 is corrective in nature and while the pair holds above 1.4164-45 support the overall bias will remain bullish. Nevertheless, we are tempted to think, that a reversal around 1.4260 is about to start a new downtrend towards 1.3912. Important on the downside is 1.4092.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4247 | 1.4337 | 1.4338 | 1.4720 |
| Support | 1.4145 | 1.4092 | 1.3830 | 1.3425 |
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USD/JPY
Current level - 94.23
A short-term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated below the 50- and 200-day SMA, currently projected at 98.13 and 97.75.
Yesterday's test of the 94.88 resistance failed and the pair is in the 94.88-93.52 range. Only a clear break below 93.25 will renew the bearish outlook for 89.60.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 94.88 | 95.52 | 99.74 | 101.42 |
| Support | 93.21 | 91.67 | 89.60 | 87.12 |
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GBP/USD
Current level- 1.6435
The pair is in an downtrend, after peaking at 1.6746. Trading is situated above the 50- and 200-day SMA, currently projected at 1.4778 and 1.5510.
The pair reversed at 1.6557 and is in a minor downtrend, currently testing the dynamic support at 1.6380. We expect further depreciation towards 1.6267 en route to 1.6031, with an intraday resistance at 1.6460 and crucial level above 1.6525.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6547 | 1.6663 | 1.6746 | 1.70+ |
| Support | 1.6380 | 1.6267 | 1.5778 | 1.5352 |
